2021
Flag  
GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
 GDP
$27.6BCURRENT US$
Rnk 105 / 204
2011-2021
Flag
GDP GROWTH
54.8%CURRENT US$
Rnk 43 / 204
2021
Flag
GDP PC 
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204
2021
Flag
GDP PC
$1,634CURRENT US$
Rnk 171 / 204
2011-2021
Flag
GDP PC GROWTH
18.1%CURRENT US$
Rnk 85 / 204

About

South Korea-Senegal In 2021, South Korea exported $111M to Senegal. The main products that South Korea exported to Senegal are Cars ($12.5M), Plastic Lids ($10.5M), and Paper Labels ($9.12M). During the last 26 years the exports of South Korea to Senegal have increased at an annualized rate of 8.09%, from $14.7M in 1995 to $111M in 2021.

In 2021, South Korea did not export any services to Senegal.

Senegal-South Korea In 2021, Senegal exported $38.3M to South Korea. The main products that Senegal exported to South Korea were Non-fillet Frozen Fish ($24.1M), Titanium Ore ($3.6M), and Scrap Copper ($3.55M). During the last 26 years the exports of Senegal to South Korea have increased at an annualized rate of 21.7%, from $230k in 1995 to $38.3M in 2021.

In 2021, Senegal did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Senegal ranked 88 in the Economic Complexity Index (ECI -0.59), and 117 in total exports ($5.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, South Korea exported $111M to Senegal. The main products exported from South Korea to Senegal were Cars ($12.5M), Plastic Lids ($10.5M), and Paper Labels ($9.12M). During the last 26 years the exports of South Korea to Senegal have increased at an annualized rate of 8.09%, from $14.7M in 1995 to $111M in 2021.

In 2021, Senegal exported $38.3M to South Korea. The main products exported from Senegal to South Korea were Non-fillet Frozen Fish ($24.1M), Titanium Ore ($3.6M), and Scrap Copper ($3.55M). During the last 26 years the exports of Senegal to South Korea have increased at an annualized rate of 21.7%, from $230k in 1995 to $38.3M in 2021.

Exports from South Korea (Flag) to Senegal (Flag) (2021)

Exports from Senegal (Flag) to South Korea (Flag) (2021)

Market Competitiveness

Color
South Korea
Top Destination
China$158B
Senegal
Top Destination
Mali$1.05B

This map shows whether countries import more from South Korea or Senegal. Each country is colored based on the difference in imports they receive from South Korea and Senegal or the difference in the growth in imports.

In 2021, countries that imported more from South Korea than Senegal were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from Senegal than South Korea were Mali ($1.05B), Gambia ($178M), and Guinea ($145M).

Difference in imports from Senegal (Flag) and South Korea (Flag) (2021)

Comparative Advantage South Korea - Senegal

Flow
Scale

This chart compares trade between South Korea and Senegal by product, considering products traded by both, South Korea and Senegal.

During 2021, South Korea had a large net trade with Senegal in the exports of Plastics and Rubbers ($30.7M), Transportation ($18.9M), and Chemical Products ($18.1M).

During 2021, Senegal had a large net trade with South Korea in the exports of Animal Products ($26.4M), Metals ($5.13M), and Mineral Products ($3.61M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Senegal. Similarly, the more yellow a dot/product is, the more Senegal has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Senegal (Flag) (2021)

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